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History Of The Bel-Air Village Association (BAVA), Inc.BackgroundThe subdivision known as Bel-Air Village was developed by Ayala Development Corporation and was incorporated and registered with the Securities and Exchange Commission in 1957. With a total land area of 787,234 square meters, it had four (4) development phases and now consists of 950 lots, 32 streets and two (2) well-developed parks each with a basketball court. Bel-Air has deed restrictions which are annotated on the dorsal side of the titles of the properties of the homeowners. The Association’s deed restrictions shall remain in force from January 15, 2007 and the term thereof shall be concurrent with the life of the Bel-Air Village Association, Inc. (Association) or up to 23 August 2032, unless sooner cancelled in their entirety by a two thirds vote of Association members in good standing However, the Association may, from time to time, add new ones, amend or abolish particular restrictions or parts thereof by majority rule; provided, however, that the deed restrictions can be extended by amendment only if done so concurrently with an extension of the life of the Association. The Board of GovernorsThe Board of Governors manages and controls the affairs of the Association. It is composed on nine (9) members who serve for a term of three (3) years. They are chosen and elected by the members of the Association during the annual general membership meeting held on the last Saturday of June of every year. ServicesThe Association provides the following services to its residents:
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